Global Automotive Aluminum Extrusion Market is accounted for $42.42 billion in 2020 and is expected to reach $79.69 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Some of the key factors propelling the market growth include rise in consumer trend toward fuel-efficient vehicles across the globe, growing use of aluminum in chassis applications, vehicle closure parts, and body-in-white parts, surge in trade volume owing to rising bilateral trade among countries, and adoption of aluminum extrusion for manufacture of complicated parts.
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On the basis of geography, North America region is projected to have considerable market growth during the forecast period, owing to implementation of stringent emission norms and increasing disposable income in this region. In this region, OEMs are investing in R&D for manufacturing of light vehicles for fuel efficiency increases the demand of automotive aluminum extrusion. The regulatory frameworks imposed by the National Highway Traffic Safety Administration (NHTSA) and the Environmental Protection Agency (EPA) in the United States have been instrumental in creating an evolving environment for the automobile industry.
Some of the key players in Automotive Aluminum Extrusion Market include Novelis Inc., Omnimax International, Constellium SE, Innoval Technology, Bonnell Aluminum Extrusion Company, CAPALEX, Kaiser Aluminum Corp, KOBE STEEL LTD., UACJ Automotive Whitehall Industries, Inc., 3M, BENTELER International, ProfilGruppen Extrusions AB, SMS Schimmer, Walter Klein GmbH & Co. KG, Kobelco Aluminum Products & Extrusions Inc., and Norsk Hydro ASA.
Aluminum Grades Covered in Automotive Aluminum Extrusion Market
• 7000 Series
• 6000 Series
• 5000 Series
Types Covered:
• Alumium Space Frame
• Body Panels
• Sub-Structures
• Door Beam
• Seat Back Bar
• Front Side Rail
• Pillars
• Bumper System
• Sub Frames
Vehicle Types Covered:
• Utility Vehicles
• Commercial Vehicles
• Buses & Coaches
• Minicompact (A Segment)
• Supermini (B Segment)
• Compact (C Segment)
• Mid-size (D Segment)
• Executive (E Segment)
• Luxury (F Segment)
• Passenger Vehicles
Products Covered:
• Reverse Extrusion of Aluminum
• Forward Extrusion of Aluminum
Applications Covered:
• Interiors
• Body Structure
• Chassis
• Engine Mount
• Exteriors
• Transmission
• Luggage Rack
• Driving Rod
Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturers (OEMs)
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